Compute current price of bonds if percent yield to maturity

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Exodus Limousine Company has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 40 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the current price of the bonds if the percent yield to maturity is: a. 6% b.10%

Reference no: EM131878790

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